Division of the Budget
Landon State Office Building Phone: (785) 296-2436
900 SW Jackson Street, Room 504 adam.c.proffitt@ks.gov
Topeka, KS 66612 Division of the Budget http://budget.kansas.gov
Adam C. Proffitt, Director Laura Kelly, Governor


March 11, 2024


The Honorable Jeff Longbine, Chairperson
Senate Committee on Financial Institutions and Insurance
300 SW 10th Avenue, Room 546-S
Topeka, Kansas 66612
Dear Senator Longbine:
SUBJECT: Fiscal Note for SB 397 by Senate Committee on Financial Institutions and
Insurance
In accordance with KSA 75-3715a, the following fiscal note concerning SB 397 is
respectfully submitted to your committee.
SB 397 would amend title insurance reporting requirements. The bill would eliminate
annual controlled business reporting requirements that are placed on title agents and insurers.
The Insurance Department states that the bill would not have a fiscal effect on agency
operating expenditures or revenues.

Sincerely,

Adam C. Proffitt
Director of the Budget


cc: Bobbi Mariani, Insurance Department


Statutes affected:
As introduced: 40-2404